07/24/2022
Let's discuss Mike Hoffman's Professional Try-Out given by the Blues in 2020. Stephane Leroux, from RDS dug out Hoffman's PTO with the Blues to criticize his $4,500,000 AAV over 3 years given by Marc Bergevin.
He didn't sign a PTO in a context where the team wanted to evaluate him before signing. It was due to the Blues' cap situation. As I explained in previous posts, teams get a 10% cap extension to spend during the offseason and if they go over, they have penalties. In St-Louis' case, they had two LTIR eligible players in Tarasenko and Steen, potentially freeing up to $13,250,000 in LTIR cap ($7,500,000 and $5,750,000 respectively). Another reminder that ALL contracts are on the cap during the offseason. If they were to go over the 10% limit, they would have to place them on LTIR during the offseason and have their relief recalculated at the start of the year, potentially causing troubles if they are still above the LTIR relief amount.
Instead, they waited for the first day of the season, to send down players and recall some to get as close as they can to the cap set to $81,500,000 that year, to get the maximum relief they could out of the $13,250,000. After doing so, they signed Hoffman to the one-year/ $4,000,000 AAV deal they previously negotiated, as well as Vince Dunn to a one-year/ $1,875,000 AAV. Furthermore, they anticipated Tarasenko to return during the season, so the total of both contracts is just above Steen's cap hit of $5,750,000 (total of $5,875,000) staying on LTIR all year, for them only having to send down one contract to be cap compliant.
This text is no means to criticize anyone, it just sheds extra light on the situation. Hoffman's performances were not what the Canadiens expected when they signed him to an AAV of $4,500,000 but a Professional Try-Out isn't a valid argument, in this case where the Blues managed their tight cap effectively🤝